MC2P: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MC2P
Largest movements
- Tangible fixed assets +€411,244
up €411,244 (+3,786%), from €10,861 to €422,105
of which Land and buildings: +€410,747
- Cash -€54,779
down €54,779 (-38.4%), from €142,771 to €87,992
mainly Investment in fixed assets (net) (-€421,770) and Other debts (-€14,952)
- Receivables within one year -€5,918
down €5,918 (-10.6%), from €55,905 to €49,987
of which Other amounts receivable: -€7,480
- Debts after one year +€301,940
new in 2025: €301,940
- Profit (loss) carried forward +€35,977
up €35,977 (+29.0%), from €123,949 to €159,926
- Current portion of long-term debt +€28,128
new in 2025: €28,128
- Other debts -€14,952
down €14,952 (-69.0%), from €21,679 to €6,726
- Depreciation +€6,351
up €6,351 (+152%), from €4,174 to €10,526
- Taxes -€2,822
down €2,822 (-20.2%), from €13,990 to €11,168
- Gross operating margin -€1,781
down €1,781 (-2.5%), from €71,091 to €69,310
- Financial charges +€1,632
up €1,632 (+26.4%), from €6,187 to €7,819
- Other operating charges -€1,584
down €1,584 (-41.9%), from €3,776 to €2,192
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,516 | €560,554 | +€349,038 | +165% |
| Fixed assets | 21/28 | €10,957 | €422,201 | +€411,244 | +3,753% |
| Tangible fixed assets | 22/27 | €10,861 | €422,105 | +€411,244 | +3,786% |
| Land and buildings | 22 | - | €410,747 | +€410,747 | |
| Furniture and vehicles | 24 | €10,861 | €11,358 | +€497 | +4.6% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €200,559 | €138,353 | -€62,206 | -31.0% |
| Amounts receivable within one year | 40/41 | €55,905 | €49,987 | -€5,918 | -10.6% |
| Trade receivables | 40 | €44,425 | €45,987 | +€1,562 | +3.5% |
| Other amounts receivable | 41 | €11,480 | €4,000 | -€7,480 | -65.2% |
| Cash at bank and in hand | 54/58 | €142,771 | €87,992 | -€54,779 | -38.4% |
| Deferred charges and accrued income | 490/1 | €1,883 | €374 | -€1,509 | -80.1% |
| Total equity and liabilities | 10/49 | €211,516 | €560,554 | +€349,038 | +165% |
| Equity | 10/15 | €169,819 | €205,796 | +€35,977 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,270 | €27,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €25,410 | €27,270 | +€1,860 | +7.3% |
| Profit (loss) carried forward | 14 | €123,949 | €159,926 | +€35,977 | +29.0% |
| Amounts payable | 17/49 | €41,697 | €354,758 | +€313,061 | +751% |
| Amounts payable after more than one year | 17 | - | €301,940 | +€301,940 | |
| Financial debts | 170/4 | - | €301,940 | +€301,940 | |
| Amounts payable within one year | 42/48 | €41,697 | €52,818 | +€11,121 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | - | €28,128 | +€28,128 | |
| Trade debts | 44 | €2,762 | €5,274 | +€2,512 | +91.0% |
| Suppliers | 440/4 | €2,762 | €5,274 | +€2,512 | +91.0% |
| Taxes, remuneration and social security | 45 | €17,257 | €12,690 | -€4,567 | -26.5% |
| Taxes | 450/3 | €13,195 | €10,528 | -€2,667 | -20.2% |
| Remuneration and social security | 454/9 | €4,062 | €2,161 | -€1,900 | -46.8% |
| Other amounts payable | 47/48 | €21,679 | €6,726 | -€14,952 | -69.0% |
| Non-recurring operating income | 76A | €1,405 | - | -€1,405 | |
| Remuneration, social security and pensions | 62 | €1,286 | €1,628 | +€342 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,174 | €10,526 | +€6,351 | +152% |
| Other operating charges | 640/8 | €3,776 | €2,192 | -€1,584 | -41.9% |
| Gross operating margin | 9900 | €71,091 | €69,310 | -€1,781 | -2.5% |
| Operating profit (loss) | 9901 | €61,855 | €54,964 | -€6,891 | -11.1% |
| Financial charges | 65/66B | €6,187 | €7,819 | +€1,632 | +26.4% |
| Recurring financial charges | 65 | €6,187 | €7,819 | +€1,632 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €55,668 | €47,145 | -€8,522 | -15.3% |
| Income taxes | 67/77 | €13,990 | €11,168 | -€2,822 | -20.2% |
| Profit (loss) for the period | 9904 | €41,678 | €35,977 | -€5,701 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,678 | €35,977 | -€5,701 | -13.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.